All prices in USD
$249,000
  • Avg. revenue /month
    $13,982
  • Avg. sessions /month11,434
  • Avg. profit /month
    $5,000
  • Inventory value
    $60,000

Business Story

Why this business was started

The primary motivation for this business was that I needed money to fund my medical school education. I already had an existing passion for men's jewelry (specifically necklaces / chains) as well as an incredibly affordable jeweller from where I got my own jewelry, so all the stars aligned and it just made sense to begin. However, the task was not as easy as I expected at the outset and after a year and a half of learning, creating, and failing in my pursuit of creating a successful business, on my fourth store, I was finally able to share my passion for men's jewelry with the world. It has been nearly two years and the store has exploded in growth beyond my wildest imagination and with my new medicine goal, I am no longer able to prioritize it, yet it has kept its momentum.

The reason of selling this business

As mentioned, I completed my pre-medical education a few years ago, but needed funding for medical school. Now, after a relatively long wait, I am ready to embark on my journey of becoming a physician and the sale of my store and brand will provide the necessary outlet to do so, comfortably.

What's involved in running this business

The main crux of running this business is customer service and advertising. Luckily, advertising is largely automated at this point. Fulfilling orders is still necessary, but is now possible at the click of a few buttons, which can be affordably outsourced. Customer support is the easiest portion to outsource.

This business was founded: almost 2 years ago
Time to run this business: approximately 7 hours per week

Traffic and Performance

  • Avg. revenue /month
    $13,982
    Verified
  • Avg. sessions /month11,434Verified
  • Avg. profit /month
    $5,000
  • Inventory value
    $60,000
  • Profit Margin30%
  • Avg. sales /month210
Other details about profit: Very high profit margin products with high scalability potential. Sales are made through Facebook Ads (and Instagram) as well as Google Ads.
Total revenue
  • $293,627
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 240,116Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $50
      /month
    • Domain
      $17
      /year
    • All paid apps
      $75
      /month
    • Facebook / Instagram Ads, Google Ads
      $5,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Various logos, banner images, and alt images included. Will be transferred through Google Drive.
    • Personal support after sale

      Will spend approximately 1-2 weeks working with new owner to help them with the transition as well as how to push further growth. We will speak through Skype/Zoom/FaceTime and email and work on advertising, code and design modifications, innovation, and any questions the new owner has.
    • Domain

    • Product photos

      All professional product and model photographs included. Will be transferred through Google Drive.
    • Social media

    • Suppliers

      Direct connection to supplier for unbeatable manufacturing rates, custom branding options, and FBA ready labelling.
    • Mailing List

      5,000subscribers

    Seller‘s Advice

    How to grow this business

    Add more products (have supplier connection and products ready for you to add), use social media influencers to widen reach, spend more budget on Facebook (and Instagram) ads (i.e. scale). If you have the cash flow, this store can be made into a 7 figure store, no problem.

    Skills to have

    Digital marketing skills are recommended, however, this can be outsourced if necessary.

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